Morgan Stanley plans contingent income autocallables on three indexes

By Marisa Wong

Morgantown, W.Va., Sept. 28 – Morgan Stanley Finance LLC plans to price contingent income autocallable securities due Oct. 4, 2022 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If each index closes at or above its coupon threshold level, 75% of its initial level, on a quarterly determination date, the notes will pay a contingent coupon for that quarter at an annual rate of 8.5%.

After a six-month non-call period, the notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par unless the final level of any index is less than its 70% downside threshold level, in which case investors will be fully exposed to the decline of the worst-performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Sept. 29.

The Cusip number is 61768CRH2.

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